China's Economic Challenges
China's recent National People's Congress highlighted the growing difficulty in understanding the country's economic direction. Despite the event's political nature, covering it has become increasingly challenging, with the traditional closing press conference being canceled. The focus now lies on the economy, but the NPC provided limited clarity, offering few specific stimulus measures.
Japan's Economic Recovery
Japan is nearing the end of decades-long deflation. While recent economic data may not indicate robust growth, many Japanese companies are granting their employees substantial pay raises, signaling a shift away from the deflationary mindset. This could prompt the Bank of Japan to end its ultraloose monetary policy in the near future.
Japan's Labor Shortage and Technological Advancements
Japan's severe labor shortage, driven by a declining birthrate, aging population, and stricter overtime regulations, has become a major economic challenge. In response, businesses are exploring self-driving forklifts and unmanned warehouse management technology to address the issue.
Cambodia's Canal Project and Regional Concerns
Cambodia is undertaking an ambitious canal project to connect Phnom Penh to Cambodian ports on the Gulf of Thailand. While the project is expected to receive Chinese investment, neighboring Vietnam has expressed concerns about its potential environmental and economic impacts.
Iran's Economic Struggles
A personal essay from a Tehran correspondent highlights the economic impact of prolonged Western sanctions on Iran. The once-bustling tourist destination of Kish Island has become a ghost town, vividly illustrating the country's economic challenges.